GNK: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
GNK
Largest movements
- Tangible fixed assets +€16,271
up €16,271 (+534%), from €3,047 to €19,318
of which Furniture and vehicles: +€16,574
- Receivables within one year +€11,584
up €11,584 (+308%), from €3,761 to €15,345
of which Trade receivables: +€11,483
- Stocks and contracts -€3,794
no longer reported in 2025 (was €3,794)
- Cash +€3,564
up €3,564 (+1,038%), from €344 to €3,908
mainly Trade debts (+€16,077) and Net result for the year (+€11,635)
- Trade debts +€16,077
up €16,077 (+347%), from €4,634 to €20,711
- Reserves +€11,635
up €11,635 (+414%), from €2,808 to €14,442
- Gross operating margin +€13,172
up €13,172 (+309%), from €4,267 to €17,439
- Taxes +€2,964
up €2,964 (+324%), from €916 to €3,879
- Depreciation +€877
up €877 (+249%), from €353 to €1,229
- Other operating charges +€597
up €597 (+186%), from €322 to €919
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,093 | €38,750 | +€27,658 | +249% |
| Fixed assets | 21/28 | €3,047 | €19,318 | +€16,271 | +534% |
| Tangible fixed assets | 22/27 | €3,047 | €19,318 | +€16,271 | +534% |
| Plant, machinery and equipment | 23 | €833 | €530 | -€303 | -36.4% |
| Furniture and vehicles | 24 | €2,214 | €18,788 | +€16,574 | +749% |
| Current assets | 29/58 | €8,045 | €19,432 | +€11,387 | +142% |
| Stocks and contracts in progress | 3 | €3,794 | - | -€3,794 | |
| Stocks | 30/36 | €3,794 | - | -€3,794 | |
| Amounts receivable within one year | 40/41 | €3,761 | €15,345 | +€11,584 | +308% |
| Trade receivables | 40 | - | €11,483 | +€11,483 | |
| Other amounts receivable | 41 | €3,761 | €3,862 | +€101 | +2.7% |
| Cash at bank and in hand | 54/58 | €344 | €3,908 | +€3,564 | +1,038% |
| Deferred charges and accrued income | 490/1 | €147 | €180 | +€33 | +22.2% |
| Total equity and liabilities | 10/49 | €11,093 | €38,750 | +€27,658 | +249% |
| Equity | 10/15 | €3,808 | €15,442 | +€11,635 | +306% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €2,808 | €14,442 | +€11,635 | +414% |
| Distributable reserves | 133 | €2,808 | €14,442 | +€11,635 | +414% |
| Amounts payable | 17/49 | €7,285 | €23,308 | +€16,023 | +220% |
| Amounts payable within one year | 42/48 | €7,285 | €23,308 | +€16,023 | +220% |
| Trade debts | 44 | €4,634 | €20,711 | +€16,077 | +347% |
| Suppliers | 440/4 | €4,634 | €20,711 | +€16,077 | +347% |
| Other amounts payable | 47/48 | €2,651 | €2,597 | -€54 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €353 | €1,229 | +€877 | +249% |
| Other operating charges | 640/8 | €322 | €919 | +€597 | +186% |
| Gross operating margin | 9900 | €4,267 | €17,439 | +€13,172 | +309% |
| Operating profit (loss) | 9901 | €3,592 | €15,291 | +€11,698 | +326% |
| Financial income | 75/76B | €154 | €261 | +€107 | +69.1% |
| Recurring financial income | 75 | €154 | €261 | +€107 | +69.1% |
| Financial charges | 65/66B | €24 | €38 | +€14 | +59.2% |
| Recurring financial charges | 65 | €24 | €38 | +€14 | +59.2% |
| Profit (loss) for the period before taxes | 9903 | €3,723 | €15,514 | +€11,791 | +317% |
| Income taxes | 67/77 | €916 | €3,879 | +€2,964 | +324% |
| Profit (loss) for the period | 9904 | €2,808 | €11,635 | +€8,827 | +314% |
| Profit (loss) for the period to be appropriated | 9905 | €2,808 | €11,635 | +€8,827 | +314% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.